---
schema_version: "secwatch.filing_event.v1"
accession: "0001177609-22-000015"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:26:50.371596+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Five Below Q1 comparable sales fall 3.6%; EPS $0.59 vs $0.88; guides Q2 below Street

## Summary
- Net sales $639.6M (+7.0% YoY); comparable sales -3.6% vs Q1 2021.
- Operating income $42.3M (from $63.7M); net income $32.7M (from $49.6M).
- Q2 FY2022 outlook: net sales $675-695M, EPS $0.74-$0.86; full-year EPS $4.85-$5.24.
- Opened 35 new stores in Q1; total 1,225 stores in 40 states (+12.7% YoY).
- CEO cites softer sales but disciplined cost management; macro environment remains challenging.

## SEC filing metadata
- accession: 0001177609-22-000015
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000117760922000015/0001177609-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000117760922000015/five-20220608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001177609-22-000015
- JSON: https://secwatch.observer/filing/0001177609-22-000015.json
- Plain text: https://secwatch.observer/filing/0001177609-22-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.